Convert SHIB to USD
List of cryptocurrencies and tokens supported by PassimPay crypto wallet. Secure storage for a variety of digital assets.
btcBitcoin
tonToncoin
ftnFasttoken
ltcLitecoin
busdBinance USD
ethEthereum
bchBitcoin Cash
zecZcash
dogeDogecoin
bnbBinance Coin
usdtTether
trxTron
usdcUSD Coin
xrpRipple
usddUSDD
eosEOS
adaCardanoshibShiba Inu
dashDash
hftHashflow
dydxdYdX
linkChainlink
aaveAave
crvCurve DAO Token
achAlchemy
maticPolygon
daiDai
nearNEAR Protocol
atomCosmos
twtTrust Wallet
dotPolkadot
avaxAvalanche
flowFlow
ksmKusama
solSolanaWhat is Shiba Inu?
Shiba Inu (SHIB) is a token on the Ethereum blockchain. It originally appeared as a 'meme coin' dedicated to the Shiba Inu dog breed. However, SHIB soon became one of the top most sought-after cryptocurrencies. It showed a pump in price and became a cause for discussion in the cryptocurrency community. In addition, the coin brings people together as part of a community on social media. Shiba Inu has its decentralized crypto exchange, ShibaSwap.
Shiba Inu (SHIB) Overview
SHIB is a decentralized token based on a common dog theme. The coin has an image of a Shiba Inu dog in the logo. Some other cryptocurrencies also refer to it (the most famous example is Dogecoin). People call the DOGECOIN KILLER, as it has acted as the biggest competitor to DOGE. Repeatedly, the creators of SHIB have stated that they plan to overtake their rival in capitalization and consolidate these positions.
To date, SHIB is one of the most popular meme coins on the market. SpaceX founder Elon Musk has played a particular role in the popularity of this token. Shortly after Shiba Inu appeared on the market, he posted on Twitter his intention to purchase a Shiba Inu puppy. Readers interpreted this as his desire to buy SHIB and rushed to buy the coin. That led to an increase in value by more than 107% per 24 hours. Later the rate fell as dramatically as pumped, but SHIB has not lost popularity even today.
Who created SHIB?
Shiba Inu was created in August 2020. The creator is an anonymous individual (or possibly a group). The founder names themselves with the pseudonym RYOSHI. There is a rumor that Ethereum co-founder Vitalik Buterin took part in creating the currency. Half of the total Shiba Inu coins volume was transferred to his account shortly after its creation.
RYOSHI describes the project he founded with three rules that require:
- Spend 0 USD on the project;
- Invest 0 USD in promotion as well;
- Independently purchase their cryptocurrencies once they are launched on the official market.
To start trading SHIB, 10 ETH was raised, which ensured its liquidity in the initial stages. The funds were donated, presumably by Vitalik Buterin.
Current price
The daily trading volume exceeds $571 million. The market capitalization exceeds $6 billion.
At the time of the coin's launch, the total number of SHIB tokens was a quadrillion. The circulating supply now exceeds half a quadrillion SHIB tokens. You can purchase it on the most popular cryptocurrency exchanges. The PassimPay wallet is a secure option for storing SHIB and other coins.
Where to store SHIB?
You can store SHIB in almost any crypto wallet. For personal storage, as well as for business purposes, it is better to use Passimpay. It's easy to use, offers outstanding features, and is anonymous, so it's accessible to everyone. More than that, on PassimPay you can convert SHIB into 45+ coins and withdraw them with low fees.